Citi Payment Outlier Detection goes live in 90 countries

Created by Citi’s Treasury and Trade Solutions business, it uses advanced analytics, artificial intelligence (AI) and machine learning (ML) to help proactively identify outlier payments – payments that do not conform to clients’ past patterns of payment activity – and allows clients to review and approve or reject such outlier payments via Citi’s institutional electronic banking platforms, CitiDirect BE and CitiConnect.

Citi Payment Outlier Detection was developed in the Citi Innovation Lab in Dublin, Ireland with direct client collaboration. Leveraging its partnership with Feedzai, a company that uses Artificial Intelligence for real-time risk management, Citi is in the process of integrating Feedzai’s transaction monitoring platform to provide clients with enhanced service capabilities.

Citi Treasury and Trade Solutions (TTS) enables their clients’ success by providing an integrated suite of innovative and tailored cash management and trade finance services to multinational corporations, financial institutions and public sector organisations across the globe. Based on the foundation of the industry’s largest proprietary network with banking licenses in over 90 countries and globally integrated technology platforms, TTS offers digitally enabled treasury, trade and liquidity management solutions.